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Posted: September 19, 2017
Outside the Region: Sons of Norway selects Ryan Companies US and Weidner Apartment Homes for MN project
Minneapolis, MN Sons of Norway has partnered with Ryan Companies US, Inc. and Weidner Apartment Homes for the sale and redevelopment of a land parcel. The land parcel is located on Lake St. between Holmes and Humboldt Aves. and is in the Uptown neighborhood.
This property has been home to the International Headquarters of Sons of Norway since 1962. Once complete, the Sons of Norway plans to continue business operations on the site including their financial services and international cultural organization.
“After an extensive process to ensure the highest and best use of our primary asset, the clear choice was to sell the property that has served us so well,” said Eivind Heiberg, CEO Sons of Norway. “Considering market conditions in the Uptown neighborhood and the challenges of an aging facility, it was time to make the most forward-thinking decision for the long-term health of our organization, employees and the community. We’re extremely pleased to partner with Ryan Companies and Weidner Apartment Homes to redevelop what has been our home for more than 55 years and to continue our presence in the vibrant Uptown neighborhood."
Ryan Companies will develop, design and construct the project and has been involved in a number of iconic properties that have been successfully re-envisioned in the Twin Cities. These properties include Midtown Global Exchange, Grainbelt Brewery, and Downtown East among many others.
“We have been in dialogue with Sons of Norway for quite some time and we feel that the location provides an incredible opportunity. We are thrilled to be partnered with Sons of Norway and Weidner in re-visioning this great site,” said Tony Barranco, vice president of real estate development for Ryan Companies.
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